The above Income Tax calculator contains the rate of tax for last 19 financial year (i.e Financial year 1997-98 to 2015-16) and income tax calculator for last 9 years (i.e Financial year 2006-07 to 2015-16).

Here it is not considered employee contrbution to provident fund .If we give gross ctc( inclusive of employer contribution to Provident fund ), it is considering only employer contribution as part of deductions .

The Excel sheet Calculator is very raw one, working on direct Formula of Total earnings minus eligible tax exemptions and calculating the Tax directly, without giving any provision to include other exemptions like, HL interest, Sec 80D etc. This may not help all to the extent required.

Mr.Srikanth: Simple but good calculator to know the tax on taxable income. Can you clarify: (1) weather additional 50k relief u/s 80-C for investment in pension schemes is effective from F.Y 2014-15 or from 2015-16. (2) Addl. relief u/s 80-D is effective from F.Y 2014-15 or from 2015-16. (3) If the income is only from share market (Short term gains) and salary income is zero, which form is to be used.
Thanks in advance.